We are pleased to offer for sale, The Reno / Council Portfolio, a collection of five apartment homes over two properties located in the heart of Historic Filipinotown in Los Angeles, CA. 2849-2851 Council St. is a single structure comprised of 2 spacious 3bed/2bath units, approximately 1,200 square feet each. Upon the gated entry, residents drive down an approximately 100 foot long driveway to the rear of the property where they have access to 4 carport spaces. The structure was built in 1996, possibly making it exempt from the Los Angeles Rent Stabilization Ordinance (RSO/ "Rent Control"), buyer to verify. [Both units are 100% occupied and to be sold with residents - total yearly gross on current $41,064. Over 70% upside left.] The duplex could be purchased as a portfolio with 200-208 N Reno St. or offered individually at $650,000.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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